Tag Archives Economics

Indian Currency

The team at HowMuch.net  continue their excellent work. The full article can be found here. The Global Finance Magazine recently released an article comparing countries by income across the world for 2015, sourcing data from the World Bank. Gross National Income (GNI) per capita is the final income earned by a country’s residents divided by the total population. Countries are…

New York

This 3D Map Visualizes the U.S. Economy in a New Way The team at howmuch.net built a map to provide a 3D visualization of the GDP growth by US metropolitan areas. The higher the cone rising out of the map, the greater the GDP growth in that area. GDP growth increased 2.3% in 2014 as compared with 1.9% growth in 2013. The industry with…

Age Acceleration

Profound economic, social and civil changes have provoked a remarkable series of temporally cogent observations from vastly different actors this week.  This highlights the diverse yet converging, social, academic and political recognition at the heart of public-policy challenges in the 21st century. At the CORE of future policy and an inclusive, functioning civil society, is the recognition of the centrality of good governance.…

"Capital in the Twenty-First Century", written by the French economist Thomas Piketty I am yet to finish reading this, but earlier this year, the economist said: "Capital" is built on more than a decade of research by Mr Piketty and a handful of other economists, detailing historical changes in the concentration of income and wealth. This pile of data allows Mr Piketty…

Tim Harford wrote a piece in ft.com earlier this year, documenting the [not-so-surprising] inaccuracy and just-plain "wrongfulness" of economic forecaster[s] [ing]...... In the 2001 issue of the International Journal of Forecasting, an economist from the International Monetary Fund, Prakash Loungani, published a survey of the accuracy of economic forecasts throughout the 1990s. The record of failure to predict recessions is…

The Mid-year Economic and Fiscal Outlook (MYEFO) has been published today by The Honourable J. B. Hockey MP Treasurer of the Commonwealth of Australia and Senator the Honourable Mathias Cormann Minister for Finance of the Commonwealth of Australia The Charter of Budget Honesty Act 1998 requires the Treasurer to publicly release and table a Mid-year Economic and Fiscal Outlook (MYEFO) report by the end of January in…

Those interested in the public policy [and community] issues of rural and regional Australia will be interested in the excellent work of the Regional Australia Institute. From their site: We run a tightly focused research agenda, improving the quality of and access to knowledge on how we can ensure the prosperity and sustainability of Australia’s regions, and our nation as…

The OECD has published a series of country notes that assesses progress that countries have made in responding to Going for Growth policy recommendations since 2011. It identifies and discusses new priority areas where structural reforms are needed to lift growth across OECD and BRIICS countries. The Australian country note is below.

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